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Li Hua
#768

Li Hua

Source of wealth: Financial services

Net Worth

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Earnings per second

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Modules

Biography

Li Hua, who also goes by Leaf, is the chairman and CEO of Futu Holdings, an online financial services business in China.

The company's investment apps include Futubull for users in China and Moomoo for overseas traders.

Futubull can't sign up new users in mainland China since 2022, when authorities scrutinized its service amid worries of capital outflow and data security.

The company has been expanding internationally in markets including Malaysia, Singapore and the U.S.

Li founded Futu in 2007, after a seven-year stint at Chinese internet giant Tencent, where he held senior management positions.

Financial Assets

Exchange
NASDAQ
Ticker
FUTU-US
Company
Futu Holdings Sponsored ADR

The Great Lie of Mega-Fortunes: The Case of Li Hua

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Li Hua, linked to Finance & Investments and 'Financial services', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 38 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 2.4 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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